11.   Fed policymakers prefer to raise rates, always an unpopular move, on bad inflation news rather than good employment news.

12.   If the inflation news is bad, hang on to your hat.

13.   In his speech yesterday, Parry noted that inflation news so far has been good.

14.   In most cases the Fed prefers to move on bad inflation news rather than good employment reports.

15.   In most cases the Fed prefers to move on bad inflation news rather than good economic reports.

16.   Investors welcomed the good growth, low inflation news.

17.   Investors said this week the good inflation news was largely built into prices for longer-term bonds.

18.   Later, though, the positive inflation news boosted investor confidence that the Federal Reserve may lower interest rates again and helped send Treasury bond prices higher.

19.   Many analysts said that as long as the economy reveals soothing inflation news, the U.S. central bank can afford to wait to raise interest rates.

20.   Nevertheless, the Fed prefers to move on bad inflation news rather than good employment reports.